Dec, 31, 2022 — DAKOTA STAR FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 2 branch locations and about $37.60 million in total assets. Opened 71 years ago in 1952, DAKOTA STAR FEDERAL CREDIT UNION has about 2,432 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAKOTA STAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3122 W SAINT LOUIS ST RAPID CITY, SD 57702-2354 |
| Phone: | (605) 342-6442 |
| Fax: | (605) 342-3301 |
| Website: | https://www.dakotastar.org |
| Branches: | 2 branch locations |
| Members: | 2,432 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8039 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,599,210 |
| CEO/Manager: | KELLI WOLD |
| Chairperson: | ROBIN CLARKE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 598,230 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,875,630 |
| Unsecured Loans | 888,280 |
| Other Loans | 15,811,353 |
| TOTAL LOANS | 21,575,263 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,301 |
| Land And Building | 2,037,433 |
| Other Fixed Assets | 165,767 |
| NCUSIF Deposit | 287,389 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,599,210 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,907 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,170,538 |
| Regular shares | 10,250,142 |
| All Other Shares & Deposits | 15,184,686 |
| TOTAL SHARES & DEPOSITS | 34,605,366 |
| TOTAL LIABILITIES | 34,700,273 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,898,937 |
| TOTAL EQUITY | 2,898,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,599,210 |
| INCOME & EXPENSE | |
| Loan Income | 658,565 |
| Investment Income | 102,830 |
| Other Income | 179,689 |
| Total Employee Compensation & Benefits | 447,735 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 466,552 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,950 |
| Cost of Funds | 27,428 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 78,768 |
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